To be a successful businessman, you have to be a pro in the sector you have chosen. It can be a groceries business or a factory business. What you are working within your business doesn’t matter as long as it is legal. But, how you are working and what results you are bringing out of it, matters. And we can agree on this, for better results, you have to be a good performer. To do so, you also need a good plan for your business. Let’s talk about the same thing in the trading business. You also have to be an efficient performer in this business. But, for some people, it is tough to do so because they might not have any idea about how to work efficiently. We will help you (confused traders) with some necessary qualities of the pro traders.

An effective trading edge

Remember, the most important thing in your trading business is your trading edge or trading strategy. No matter, how successful a trader, you have to understand that the most credit of that achievement of his goes to the trading strategy. Yes, other variables do contribute too. But the most important thing is the trading strategy. But, it was not the same when that trader started in this business. With time it got refined more and more. And eventually, it has reached the position to make a trader pro. So, you also have to work with your trading strategy. Even from the beginning, it has to be made by you.

The concept of trading

The concept of trading greatly varies from traders to traders. The successful Singaporean traders always consider this as their business. They never take any chance based on emotions since every action taken by them has a direct impact on their profit factors. If you get involved in options trading, you will understand the importance of trading discipline. The rookie traders always love to challenge themselves. Knowingly or unknowingly they trade with emotions and blows up their account. They don’t really know the key concept of trading. You are here to save your investment not to make your financial conditions much worse. If you think this as your business, you will be able to understand the structure of the investment business. Try to aim for high-risk reward trade setup as it will help you to overcome your loss. Never trade without having a clear trade setup.

Efficient planning for trades

Now you have made your strategy, it is time for you to make plans for your trades. Because every individual trade needs the care to be executed properly. Otherwise, there will be no good result for you after closing a trade. Right when you decide to make a trade, you have to plan for it. And the plan could be for anything that is related to your trading. Like for example, it can be when you are placing your trade or your trading routine. Or most impotent of them all, it can be the money management of your trade. In fact, this is so important that it can save your trading account from vanishing.

Realistic profit estimation

A pro trader probably has spent a lot of time in this business. So, his or her experience of it will be much more than anyone joining recently. Even that trader will understand when there is going to be a mistake by him or her. Because it is also known to that trader. And, with all those experience there will be no place for a pro trader to think on estimation. The brain of that trader will thing about fact and reality, not imagination. And his or her decisions will always be on what is visual in the price charts. And, that is a really good quality of a pro trader. You should try to motivate your mind on thinking about it too.

Every entrepreneur needs to save money for further investment. Even if you are getting lucrative profit in your business, you can’t predict the future. There are several factors responsible for growth of all types of businesses, either a consultancy in Dubai or firm in Nevada, and an abrupt change can suddenly make things difficult for them. There are multiple ways available for people to save their hard-earned money. All these methods have several advantages and shortcomings. After analyzing all these methods, one can say that the ideal one is offshore investment.

In offshore investment, an entrepreneur or any other person keeps the wealth in a country other than country of his/her residence. But not every other country is known as offshore location. There are several countries that provide tax exemptions and other benefits for investors that are not present in most of other places. These offshore jurisdictions get this name due to their location, geography and other legal and monetary benefits that they provide to foreign investors.

Following are main advantages of offshore investment that will make it clear that it is the best way to save your money. You will not get most of these advantages in any other money saving technique.

Tax Exemption/Reduction

It is the primary and one of the most unique advantages that is provided by offshore jurisdictions. These places are usually known as tax havens as they provide either complete exemption from all types of taxes or their tax rate is very low as compared to most of other countries. This is really important for most of businesses. They can easily avoid hefty amount of tax only by paying a fix annual fee for their investment in offshore jurisdictions.

This is really important for large businesses that are also growing rapidly. In most of countries, these businesses can lose even 40% or above of their profits through different types of taxes. But these businesses can save millions of dollars every year by adopting offshore investment. Therefore, if you are growing your business or otherwise facing tax issues in your home country, then the best place to save your money is by investing in offshore jurisdiction.

Confidentiality

In most of countries, it is mandatory for entrepreneurs and individuals to disclose their total wealth and source of income. This information is also available to public. On several occasions, this publically available information creates legal and monetary problems for entrepreneurs and wealthy persons.

It happens as their competitors or relatives would use this information to sue and start legal battles against them. On most of occasions, these legal claims are baseless and its purpose is to harm the business opponent. It is not only stressful but also proves financially harmful for the receiving person.

In order to avoid this situation, the best way is offshore investment. In fact, confidentiality of assets is the second most important factor that attracts investors towards offshore dominions. Offshore jurisdictions don’t disclose details of foreign investors and their businesses. This is really helpful in protecting your money from unnecessary and unethical claims that can ruin ones wealth.

These two factors clearly highlights the importance of offshore investment provides for protection of wealth for entrepreneurs and wealthy individuals. There is no doubt offshore investment is the best way to save your money.

Author Bio: Mona is an experienced content writer working for Dubai-based consultancy firm Riz& Mona Consultancy. She has 6 years of experience in the fields of offshore business, investment, finance, taxation and insurance.

The money market will provide you with investment instruments like ULIPs that come with a fair combination of investment and life coverage at once. The premium that you pay for ULIPs are segregated into 2 parts; one portion goes towards investment instruments present in the money market, while the other one goes towards meeting your risk coverage on life. There are a few inherent benefits attached to ULIPs.

5 key advantages of ULIPs over all conventional life insurance policies:

Identify the right blend of investment

Picking the market entities in the right blend often depends on your investment risk appetite. For those of you that are low-risk takers, investing in debt funds is a good ploy. Likewise the moderate risk-takers can invest in balanced funds, while the high-risk bearers can think of equity funds. Balanced funds are a good option lying between equity funds and debt funds. You’ll be able to switch funds once you gain considerable market outlook.

Investment Flexibility

With an ULIP, you’ll gain the right to invest your entire premium value besides gaining opportunities to allocate additional amounts on the policy. Other investment plans don’t yield so much of flexibility. Depending on your risk appetite and your financial profile, you may choose between these two investment strategies:

Life-Stage Strategy: The years remaining towards your policy maturity and your age help in asset allocation.

ULIPs prove to be a great option for fulfilling long-term investment goals e.g. launching a start-up, buying your new car, and buying a property. ULIPs are designed to yield more returns and that too for a longer duration; they owe this power to their compounding nature. Even if you decide on quitting the ULIP policies after a period of 5 years, you’ll be amazed to see how much more you’ve saved than what you’d see with other investment options. Your money will grow with a much greater momentum and for a longer duration than how you usually see it grow in your savings bank or with your fixed deposits. All you need to do is to determine the amount of investment with the help of an online premium calculator.

Life coverage

Life insurance companies are only known to offer ULIPs in the form of a product. Besides yielding financial protection, ULIPs are known to fulfill your investment needs. Compared to a term plan, the life cover attached to ULIPs may be smaller but they do come with life cover. When it comes to fulfilling your financial goals in the long run, ULIPs constitute a strong investment opportunity. Prior to investing in ULIPs, you must check out the performance of all individual funds in great details. This is likely to provide more insight into investment options with quality returns.

Tax Rebates

Tax benefits aren’t always attached to investment option that you come across in the market. ULIPs come with a combination of tax benefits and life coverage. Under section 80C of the Income Tax Act, you’ll be entitled to receive tax rebates on all paid up premiums. Likewise, all of the payouts that you receive are entitled to tax exemption under section 10D. Besides seeing your money grow, you’ll be happy with how much you’ll save in the end.

Irrespective of an ever-changing economic climate, some currency pairs will always be more appealing than others. This is because popularity and size of the market dictate what pairs are frequently traded. High liquidity and low spreads attract a higher number of traders.

The G10 are the world’s most liquid currencies. These are the US dollar, the euro, the Japanese yen, the British pound, the Swiss franc, the Australian dollar, the New Zealand dollar and Canadian dollar, the Swedish krona and the Norwegian krona. Traders regularly buy and sell these currencies, making them the most traded currencies in the world. From here, let’s consider the best currency pair to trade.

EUR/USD

As you might expect, the trading of the world’s two largest currencies would be popular, as a result of its stability and liquidity. It’s a safe bet particularly for beginners, the pair is unaffected by other trades and is not considered volatile. The predictable nature of the way this pair trades, benefits strategists and newcomers alike. The high levels of liquidity mean that this pair often has a tight spread, meaning low trading costs. These low spreads can be taken advantage of by scalpers.

GBP/USD

The aforementioned benefits of EUR/USD are also relevant for GBP/USD. It is liquid, relatively stable and predictable, although slightly less so than EUR/USD. Generally speaking, the similarities continue for performance, the two pairs tend to move in a similar manner, although Brexit developments can impact on this GBP/USD, which have made it more unpredictable than the euro over the past year or so. Beginners are usually advised to not trade both GDP/USD and EUR/USD simultaneously.

Risk Off Sentiment

When market sentiment is negative, investors tend to seek safety in currencies which are traditionally seen as safe havens. The two main safe haven currencies are the Swiss Franc (CHF) and the Japanese yen (JPY). Therefore, when considering which currency pairs are the best to trade, it is also worth considering the trading environment that you are trading in. If it is a risk off environment, where the market is responding negatively to a particular event, then USD/CHF and USD/ JPY could be the best to trade. You could expect USD/CHF and USD/JPY to move lower when investors are searching for safe havens.

Commodity Currencies

Commodity currencies are currencies that move in line with the world’s primary commodity prices. They are Australian dollar, New Zealand dollar and the Canadian dollar. They co-move with a particular commodity price because of these countries heavy dependency on the export of a certain raw material for income. If you are interested in commodity prices, the currencies could be the best to trade.

Which broker?

There are many different currency pairs to trade, depending on your personal preferences and interests. There are also many different brokers through which to chose to trade. However, it is important to choose a broker which provides first rate pricing and execution.

Vantage FX is an award winning Australian broker. It is a true ECN broker meaning that its pricing is inline with that of top institutions and it receives liquidity from the likes of JP Morgan, HSBC, Citibank and RBS to name but a few. Execution at Vantage FX is among the best in the industry meaning you have best chance of making your trade a winning trade.

On January 14, you must have seen the skies filled with colorful kites soaring high up. Makar Sankranti falls on the day when the sun leaves the tropic of Cancer towards the tropic of Capricorn, which is called Makar in India.

In other parts of the country, this festival is referred to as Poush Sankranti, Pongal, and Uttarayan. Farmers celebrate this day as it marks the end of the winter and ushers in the harvesting season.

Significance of kite flying on Makar Sankranti

Sankranti means movement and kite flying represents the thankful attitude of humans for this movement. It also has a scientific significance. As the sun commences its journey towards the tropic of Capricorn, it emanates useful rays. When you fly kites on this day, you expose yourself to the beneficial sunrays that have medicinal advantages.

Although Makar Sankranti is over, it is essential that you know about several important lessons this auspicious festival teaches as these teachings may prove to be beneficial during financial planning. Listed below are six important lessons this festival teaches you.

1. Be ready for movement

When you undertake investment planning, you have to understand that it is not a static one-time procedure but requires constant movement. You need to continuously monitor the performance of your long-term investments and make modifications when necessary. Additionally, you need to review and analyze market conditions to identify good opportunities that offer economic advantages to your investment portfolio. When you consider different financial instruments, it is crucial you consider your investment objectives to make the right decisions. This customization of your investment portfolio is comparable to personalizing your kite that has the perfect string which allows it to soar high in the clear skies.

2. Keep your eyes on your portfolio

When you fly your kite on Makar Sankranti, it is important to keep your eyes on it at all times. You must always be aware of how your kite is flying and in which direction. Similarly, prudent financial planning requires that you keep an eye on the performance of your investment portfolio. The performance of the various financial instruments must be in line with your short, medium, and long-term goals.

3. Maintain flexibility

As you fly your kite, you need the string to be kept flexible. This allows your kite to continue soaring amidst gusts of strong winds. This is true even with your short-term and long-term investments. Their performance will not always be the same and there may be ups and downs. Furthermore, the investment environment is not always conducive because conditions are never perfect. There is a possibility that your portfolio may be in the red. You need to ride out the difficult times and remain patient. It is crucial you are flexible and willing to bear temporary losses in the short-term to reap long-term benefits. However, you must never lose sight of your investment objectives and make modifications that become necessary under changing environments.

4. Adequate safety

To ensure you do not injure yourself, you cover your fingers with tapes and bandages while flying a kite. Similarly, you need to ensure adequate security when investing in any financial product. You must protect your investments from significant market conditions.

5. Remain invested

When you fly your kite on Makar Sankranti, you stand the entire day to make gains. Similarly, when you invest in different financial instruments, it is important to remain invested for a longer period. It is said that time in the market is better than timing the market. Therefore, to maximize your gains through investments, it is recommended you hold these for a longer time.

6. Strike the right balance

During winters, days are short and nights are long and vice versa during the summers. However, on Makar Sankranti, the day and night are of an equal length. Just like that, when you invest, you must aim for the right balance between your risks and returns. You must choose financial products that suit your risk appetite while delivering decent returns on your investments.

Striking the right balance between risk and return requires adequate research and effective planning. You need to study the market conditions and understand the features of different financial instruments. This may not be an easy task especially if you are new to investing or have no experience in conducting such analyses.

Through the proprietary ARQ investment engine in Angel Wealth’s mobile application, you can achieve this balance. This engine uses algorithms and quants to analyze a billion data points and offers recommendations that suit your financial objectives and risk appetite. There is no human intervention in the entire procedure ensuring the recommendations are completely unbiased.

Download the Angel Wealth mobile app and apply the lessons learned from Makar Sankranti into practice.